Indiqube Spaces Limited has informed the Exchange regarding Notice of Postal Ballot
INDIQUBE · price
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Indiqube Spaces Limited has issued a Postal Ballot Notice seeking shareholder approval on three resolutions. The first is an Ordinary Resolution to reclassify the authorised share capital of Rs 32.50 crore, converting existing Series A and Series B Compulsorily Convertible Preference Shares into equity shares, resulting in 32,50,00,000 equity shares of Rs 1 each. The second is a Special Resolution to ratify the Indiqube Employee Stock Option Plan 2022, which allows the Board to grant up to 40,61,200 ESOPs convertible into equal number of equity shares. The third is a Special Resolution to approve and adopt new Articles of Association by deleting Part B (Articles 167-192) and retaining the amended Part A (Articles 1-166). E-voting will commence on 16th August 2025 and close on 14th September 2025, with results to be declared by 16th September 2025.
These are routine corporate housekeeping items post the company's recent IPO listing. The share capital reclassification and AOA amendments are administrative and unlikely to affect shareholders materially. The ESOP 2022 ratification is standard, but the 40,61,200 options represent potential dilution that shareholders should be aware of.